Commonwealth of Pennsylvania Public School Empls Retrmt SYS Buys 25,713 Shares of Millicom International Cellular SA $TIGO

Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its holdings in shares of Millicom International Cellular SA (NASDAQ:TIGO) by 22.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 142,013 shares of the technology company’s stock after buying an additional 25,713 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS owned 0.08% of Millicom International Cellular worth $7,873,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Smartleaf Asset Management LLC lifted its holdings in Millicom International Cellular by 155.4% in the third quarter. Smartleaf Asset Management LLC now owns 516 shares of the technology company’s stock valued at $25,000 after buying an additional 314 shares during the period. Allworth Financial LP lifted its holdings in Millicom International Cellular by 1,129.7% in the fourth quarter. Allworth Financial LP now owns 455 shares of the technology company’s stock valued at $25,000 after buying an additional 418 shares during the period. Blue Trust Inc. lifted its holdings in Millicom International Cellular by 736.2% in the fourth quarter. Blue Trust Inc. now owns 485 shares of the technology company’s stock valued at $27,000 after buying an additional 427 shares during the period. Spire Wealth Management acquired a new position in shares of Millicom International Cellular in the 4th quarter valued at $29,000. Finally, Ameritas Advisory Services LLC acquired a new position in shares of Millicom International Cellular in the 3rd quarter valued at $32,000.

Millicom International Cellular Stock Up 3.6%

Shares of NASDAQ:TIGO opened at $88.88 on Wednesday. Millicom International Cellular SA has a 52 week low of $35.62 and a 52 week high of $89.48. The company has a debt-to-equity ratio of 2.33, a quick ratio of 0.60 and a current ratio of 0.62. The company has a market capitalization of $15.02 billion, a PE ratio of 12.08 and a beta of 0.91. The company has a 50 day moving average price of $81.06 and a two-hundred day moving average price of $67.20.

Millicom International Cellular (NASDAQ:TIGO) last issued its earnings results on Tuesday, May 12th. The technology company reported $0.97 EPS for the quarter, beating the consensus estimate of $0.89 by $0.08. Millicom International Cellular had a net margin of 19.16% and a return on equity of 16.38%. The firm had revenue of $1.99 billion during the quarter, compared to the consensus estimate of $1.99 billion. Analysts forecast that Millicom International Cellular SA will post 2.34 earnings per share for the current year.

Millicom International Cellular Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 15th. Stockholders of record on Thursday, April 8th will be given a dividend of $0.75 per share. The ex-dividend date of this dividend is Thursday, April 8th. This represents a $3.00 annualized dividend and a dividend yield of 3.4%. Millicom International Cellular’s dividend payout ratio is currently 40.76%.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on TIGO shares. UBS Group downgraded Millicom International Cellular from a “buy” rating to a “neutral” rating and set a $90.00 price target on the stock. in a research note on Tuesday, May 26th. HSBC raised Millicom International Cellular from a “hold” rating to a “buy” rating and set a $89.00 price target on the stock in a research note on Friday, March 6th. Morgan Stanley reaffirmed a “positive” rating and issued a $55.00 target price on shares of Millicom International Cellular in a research note on Thursday, February 26th. JPMorgan Chase & Co. upped their target price on shares of Millicom International Cellular from $86.00 to $100.00 and gave the company an “overweight” rating in a research note on Wednesday, May 20th. Finally, Scotiabank upped their target price on shares of Millicom International Cellular from $51.20 to $52.40 and gave the company a “sector underperform” rating in a research note on Wednesday, May 27th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Millicom International Cellular has an average rating of “Moderate Buy” and a consensus price target of $77.28.

About Millicom International Cellular

Millicom International Cellular SA, trading under the TIGO brand, is a Luxembourg‐headquartered telecommunications and media company that provides a range of mobile, cable broadband, digital television and enterprise services. Through its integrated infrastructure, the company delivers voice and data connectivity, high‐speed internet access and pay‐television packages to millions of customers, supported by ongoing investments in network coverage and capacity.

Established in 1990 by Swedish investor Jan Stenbeck, Millicom has grown into a multi‐regional operator focused primarily on Central and South America.